Four firms transferred to Default Board over non-submission of financials

Four listed entities were transferred to the Default Board of the Colombo Stock Exchange yesterday for their inability to submit financial statements within the required timeframe.

Hameedia continues its special offers this Ramadan

Hameedia is continuing to offer its valued customers an exciting range of offers and vouchers this Ramadan.You can get optimal value for all your purchaseswhen you shop at Hameedia this monthand 

Landrover and Jaguar Winat Car Design Awards

Land Rover has won the Best Brand Design Language prize at the Car Design Awards for its family of vehicles recently joined by the new Range Rover Velar. The Jaguar I-PACE Conceptelectric

The Outlet Store launched in Colombo

Joining the fastest growing retail fashion sector in Sri Lanka with an aim to bring the latest trends for an exclusive family shopping experience at affordable prices, The Outlet Store was recently launched 

ICC introduces modern walk-up apartments in partnership with NHDA

With the aim of contributing to the middle-income transition and uplifting their standards of housing requirement, Sri Lanka’s pioneering infrastructure and multi sector general contractor International 

Nestlé wins ‘Cannes Lions Young Marketer Sri Lanka 2017’

Nestlé’s Umeshinie Kurukulasuriya and Ashani Ratnayake have won the prestigious Cannes Lions Young Marketer Sri Lanka 2017. The duo competed against teams from leading companies to win the 

zMessenger expands to 7 ASEAN countries with a Japanese Ad Veteran

zMessenger, multiple-award winning full service digital marketing agency in Sri Lanka, has entered into a partnership with Japanese Veteran Advertising Agency Network- Chuo Senko to expand its

Allianz Lanka Lauds Star Performers at Allianz Awards 2017

Allianz Lanka celebrated the achievements of its team members at its annual sales convention, the Allianz Awards 2017, held at the Cinnamon Lakeside recently. Allan Smee, Head of Property

Asus launches Asus ROG Masters Sri Lanka 2017

Asus Sri Lanka announced the launch of Asus ROG Masters Sri Lanka 2017; a country qualifier tournament of one of the most celebrated and state-of-the-art eSports events in the world. 

Rubber planters see no silver lining on horizon

Sri Lanka’s rubber industry, which faced one of the toughest years, last year, due to lower global commodity prices, doesn’t appear to be recovering, with a few companies discontinuing their rubber production.

Rupee ends steady as remittances offset importer dollar demand

REUTERS: The Sri Lankan rupee ended steady yesterday as inward remittances offset dollar demand from importers, dealers said.

Odel to buy retail space at Colombo City Centre

Odel PLC, the lifestyle and fashion retailer of the Softlogic group, yesterday said it would mark its presence in Colombo City Centre, a mixed development project under construction by the Abans group in collaboration with Singapore’s SilverNeedle Hospitality, opposite the Beira Lake. 

Ceylon Chamber assists importers to buy goods at factory cost

A programme launched by the country’s premier business chamber, the Ceylon Chamber of Commerce (CCC), facilitating Lankan importers to buy goods at factory cost, has yielded modest results, the CCC said.  

Royal Ceramics mulls overseas production due to difficulties in acquiring raw materials locally

Business magnate Dhammika Perera’s tile monopoly, Royal Ceramics PLC (RCL), is considering investing in production facilities overseas due to the difficulties in sourcing raw materials locally.

Profit-booking pushes market down; foreign buying to date tops Rs.20bn

REUTERS: Sri Lankan shares yesterday ended at their lowest in near two weeks due to profit-booking in banking shares, but foreign inflows helped curb losses.

Ranaya achieves all-time record on maiden sale

Ranaya Tea Factory achieved an all-time record price of Rs.695 for a BM grade in the Off Grade category on its very first appearance at the weekly tea auctions held on June 6, 2017.

EDB organises Sri Lanka’s participation at ‘SIAL Canada 2017’ in Toronto

The Export Development Board (EDB) organised Sri Lanka’s participation at the ‘SIAL Canada 2017’ recently in Toronto, Canada, in collaboration with the Sri Lanka Consulate in Toronto and Trade Facilitation Office (TFO) Canada.

NCCSL announces National Business Excellence Awards 2017

Winning the National Business Excellence Awards (NBEA) has helped Lanka Orix Leasing Company (LOLC) Group to become the most profitable entity in Sri Lanka, its Chief Operating Officer and Chief Legal Officer Kithsiri Gunawardena said.

EFL strengthens international management team

Leading logistics provider EFL announced the appointment of three new Independent Directors to its international board as part of its ongoing efforts to add international expertise to its management 

Blue Mountain spreads light for Poson celebrations in Townhall

Blue Mountain’s erected lanterns to brighten up the streets of Colombo for Poson. This initiative carried out in partnership with the Colombo Municipal Council to celebrate the poya. Like with every 

Hameedia’s ladies collections and offers this Ramadan

This Ramadan, Hameedia is offering a range of exciting offers and collections, exclusively for ladies. Whether it’s a rich embroidered shalwar or a classic shawl that you’re in search of, you can now stock 

2016/17 Annual report shows airline’s annual revenue has increased by 10.4 per cent

Qatar Airways today released its annual report for the fiscal year 2017 (April 1st 2016 to March 31st 2017) revealing a 21.7 per cent year-on-year net profit increase. The results also show an annual 

Mastercard Lends Support to World Food Programme’s Flood Relief Efforts in Sri Lanka

Lending its support to the innumerable Sri Lankans affected by torrential rains, Mastercard has partnered with the United Nations World Food Programme’s (WFP)flood relief efforts 

SLIM invites entries for NASCO awards to Champion Sales Personal

Sri Lanka Institute of Marketing (SLIM), the national body for  marketing, invites organisations to nominate outstanding individuals from their sales teams for the National Sales Congress (NASCO), 

Asset quality of Lankan banks worse than reported; but still manageable: Fitch

The reported non-performing loans may not really represent the asset quality of Lankan banks, 

NDB seeks IFC assistance to develop strategic plan

National Development Bank PLC (NDB) recently signed an agreement with International Finance Corporation (IFC), a member of the World Bank Group, to partner in realigning the strategic plan for the group.

Rating agency shrugs off property bubble fears

While dismissing fears of a property bubble, Fitch Ratings Lanka said Colombo’s luxury apartment buildings may end up becoming incomplete ‘ghost projects’ if developers continue without strong pre-sales in a market that is currently in oversupply.

SLPA preparing 3-year plan to address port sector issues

Sri Lanka Ports Authority (SLPA) on the advice of Ports and Shipping Minister Mahinda Samarasinghe, is in the process of preparing a three-year development plan to address the current issues of the port sector in keeping with trends of world shipping industry. 

Advantis Projects Bridges the Logistics Gap for Sri Lanka’s Energy Growth

As a nation focused on development and in the midst of transitioning from a lower middle income country to an upper middle income country it is no surprise that Sri Lanka is facing a rise in demand 

Send Quick Flash Messages on Truecaller

Truecaller now introduces flash messaging, where you can avoid calling or writing a full text message. Instead, you just tap the ‘thunder bolt’ symbol next to another Truecaller user’s name in your call log